THE continued growth in real estate activities in Cebu has prompted a group of young lawyers to expand their services and venture into realty and brokerage.
In an interview Friday, June 30, 2023, Tierra Pro Real Estate Solutions Inc. president Atty. Nestor Crispin Miguel Lumapas said this new venture will allow young professionals to tap into the opportunities in real estate. This also complements the company’s already existing real estate services.
Lumapas said that while they have been in the business of real estate for the last four years, they have yet to introduce the younger generation to the opportunities they can avail themselves of when they become licensed salespersons and eventually become licensed brokers in the industry.
Tierra Pro Real Estate Solutions is a real estate services company based in Cebu that has been offering Cebuanos its expertise in real estate due diligence, admin titling, transfer of title, building administration, parking administration, acquisitions, land use conversion, Department of Agriculture clearance processing, and settlement of estate.
The company is composed of young lawyers led by Lumapas and his co-founders Atty. Paul Danico Blanco, Atty. John Michael Fiel, Atty. Jo. Kristian Borbajo and real estate broker Lovelyn Castañeda.
Tierra Pro currently has seven partner developers and 12 licensed salespersons. The company is accepting more brokers and salespersons.
“We are in Cebu. We are considered as one of the major real estate hubs in the country. We see this as both an opportunity to earn but more so a golden opportunity to educate our younger generation by teaching them about how to think about money, how to invest what they earn, and empowering them with financial literacy,” Lumapas said.
Recently, property advisory firm Colliers Philippines said Cebu’s residential market has remained resilient amid economic uncertainties. It remains as one of the most attractive and largest residential hubs outside Metro Manila.
National developers continue to launch in Metro Cebu as they are optimistic about the locale’s potential for growth post-Covid.
“In our view, the improving sentiment from businesses and individual investors and end-users will likely support the Cebu residential sector’s growth,” the firm said in its latest market report.
It added that the launch of higher-priced condominium units outside Metro Manila also indicates national property firms’ confidence in Cebuano investors’ purchasing power and rising affluence.
“As demand recovers and businesses start to rebound from the adverse impacts of pandemic, now is an ideal time for developers to launch projects that will cater to the demand of both end-users and investors,” the firm said.
In the first quarter of 2023, Colliers recorded take-up of 1,100 condominium units in Cebu, while 420 house-and-lot units were sold in the same period this year.